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Why is the Fed dialing back expectations for another rate cut in December?

After the Federal Reserve made its second consecutive quarter-point cut this past week, Chair Jerome Powell said "there were strongly different views today. And the takeaway from that is that we haven't made a decision about December." (MANUEL BALCE CENETA/AP)
After the Federal Reserve made its second consecutive quarter-point cut this past week, Chair Jerome Powell said “there were strongly different views today. And the takeaway from that is that we haven’t made a decision about December.” (MANUEL BALCE CENETA/AP)
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After the Federal Reserve made its second consecutive quarter-point cut this past week, Chair Jerome Powell said "there were strongly different views today. And the takeaway from that is that we haven't made a decision about December."

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